An Economist Calls For Consideration Of The Work Of Jordanian Banks In Iraq , 5 AUGUST

  Information/private..  economic affairs expert Ahmed Abd Rabbo called on the Central Bank of Iraq to reconsider the work of Jordanian and foreign banks in Iraq to evaluate their work compared to local Iraqi banks.

 Abd Rabbo said in a statement to the “Al-Ma’louma” agency,  “The Central Bank is working in a dualistic manner by not supporting the private banking sector and granting privileges to Jordanian banks,” noting that  “foreign banks, especially Jordanian ones, control the file of financial transfers, in light of issuing sanctions against half of the local banking sector from By the US Treasury Department. 

He added, “Today the Iraqi banking sector is facing a major problem and  we fear it will be completely annihilated, as happened in the industrial and agricultural sectors and thus Iraq’s dependence on imports,” pointing out that “the  Iraqi government must accelerate negotiations with Washington in order to lift the sanctions on Iraqi banks.”  He called for "activating the principle of fines for unintended errors that occur in banks instead of penalties."

 Specialists believe that the economic file cannot be handed over in this way, as  it is a sovereign matter that affects the security and economy of the state, with these banks taking over and penetrating the economy to a great extent,  which may make the Iraqi economy hostage to the Jordanian banks. https://almaalomah.me/news/72231/economy/اقتصادي-يدعو-للنظر-بعمل-المصارف-الأردنية-